Insolvency Petition By Creditor To Decied Debtor Insolvent

PETITION BY CREDITOR TO DECIED DEBTOR INSOLVENT 





In the Court of the District Judge of __________________ at______________________________________ 

Insolvency Case No. __________________________  ex parts AB the creditor


In re: A Name with address of the debtor 



In the matter of decision for insolvency of the debtor under s. 13 (2) of the Provincial Insolvency Act 

Respectfully sheweth: 



1. That the above-named debtor CD who ordinarily residing at_____________________________(for doing business or personally working for gain at_______________________________________________________________________________) is really  and justly indebted to applicant to the tune of Rs. ____________________________ for principal with Rs. _______________ for interest due on a pronote executed by CD favouring the applicant on the __________________ day of_______________ 

2. That on the __________________ day of __________________ when the applicant calling at said premises and demanded payment of amount due under the promissory note, the said CD served notice to the applicant that the said CD has stoped payment of his debts. 



3. That the said debtor has, by three months prior date of presentation of this petition, committed inter alia the following insolvency acts (describe shortly the action of insolvency), e.g. 

(i) The said debtor has moved from his usual place of business/residence at _________________________ and/or kept or absented himself separated therefrom with intent to deprive his creditor of all types of correspondence. 

(ii) Give other actions of insolvency, if any. 



The applicant hence prays that this court may be pleased to decide CD an order realisation of all his assets/distribution the same between all his creditors. 



Verification



I, AB, son of______________________________________________________ aged _________ years by occupation business  resident at____________________________________________________________________________________________________________________________________________ do hereby solemnly affirm and say as follows: 



I am the petitioner named above. I know the facts/circumstances of this case and I am able to depose thereto. 

The statements in paragraphs 1, 2 and 3 stated above are true to my best knowledge and believed and true. I have not suppressed any material fact. 



 I signed this Verified on this ___________ day of____________ at the Court premises at____(place). 

Before me        



Notary 

Signature of A 



Signature of the Advocate 



Named in the Schedule in the presence of: